2020-11-11T15:35:31-06:00 2019-12-31 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2019-01-01 260876000 GREAT MINDS GREA 2022231854 55 M STREET SE NO 340 WASHINGTON DC 20003 LYNNE MUNSON PRESIDENT & EXECUTIVE DIRECTOR 2022231854 2020-11-10 1 WILLIAM E TURCO CPA P00369217 3012963600 2020-11-10 66.98.98.9 2020-11-10 19:25:21 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2019 2021-01-29 14:40:06Z LYNNE MUNSON 55 M STREET SE NO 340 WASHINGTON DC 20003 119035045 0 X GREATMINDS.ORG X 2007 DC GREAT MINDS SEEKS TO ENSURE THAT ALL STUDENTS, REGARDLESS OF THEIR CIRCUMSTANCE, RECEIVE A KNOWLEDGE-RICH EDUCATION IN THE FULL RANGE OF THE LIBERAL ARTS AND SCIENCES INCLUDING ENGLISH, MATHEMATICS, SCIENCE, AND SOCIAL STUDIES. WE WORK WITH TEACHERS AND SCHOLARS TO CREATE INSTRUCTIONAL MATERIALS, PROVIDE PROFESSIONAL DEVELOPMENT AND IMPLEMENTATION SERVICES, CONDUCT RESEARCH, AND PROMOTE POLICIES THAT SUPPORT A COMPREHENSIVE AND HIGH-QUALITY EDUCATION IN AMERICA'S SCHOOLS. 9 6 789 13 0 0 0 0 84088000 118804791 156379 219152 24039 11102 84268418 119035045 17590 156800 0 0 30684140 49315093 0 0 0 39625675 62193107 70327405 111665000 13941013 7370045 59403965 87373011 15068227 35667228 44335738 51705783 X GREAT MINDS SEEKS TO ENSURE THAT ALL STUDENTS, REGARDLESS OF THEIR CIRCUMSTANCE, RECEIVE A KNOWLEDGE-RICH EDUCATION IN THE FULL RANGE OF THE LIBERAL ARTS AND SCIENCES INCLUDING ENGLISH, MATHEMATICS, SCIENCE, AND SOCIAL STUDIES. WE WORK WITH TEACHERS AND SCHOLARS TO CREATE INSTRUCTIONAL MATERIALS, PROVIDE PROFESSIONAL DEVELOPMENT AND IMPLEMENTATION SERVICES, CONDUCT RESEARCH, AND PROMOTE POLICIES THAT SUPPORT A COMPREHENSIVE AND HIGH-QUALITY EDUCATION IN AMERICA'S SCHOOLS. 0 0 49331753 90850 94171495 EUREKA MATH IS A PREK-12 CURRICULUM THAT HELPS STUDENTS TO UNDERSTAND MATH DEEPLY AND TO CONNECT IT TO THE REAL WORLD, PREPARING THEM TO SOLVE PROBLEMS THAT THEY HAVEN'T ENCOUNTERED BEFORE. THE TEAM OF TEACHERS AND MATHEMATICIANS BELIEVE THAT IT'S NOT ENOUGH FOR STUDENTS TO MEMORIZE A PROCESS FOR SOLVING A PROBLEM; THEY NEED TO KNOW WHY THAT PROCESS WORKS. EUREKA USES CLEAR MODELS AND PROVEN INSTRUCTIONAL METHODS TO HELP STUDENTS BECOME NOT JUST LITERATE, BUT FLUENT IN MATH. THE CURRICULUM IS AVAILABLE FREE OF CHARGE FOR USE BY ANY EDUCATOR ON OUR WEBSITE, GREATMINDS.ORG. 17725795 63650 22055112 WIT & WISDOM IS A K-8 HUMANITIES CURRICULUM BASED ON AUTHENTIC TEXTS OF THE HIGHEST QUALITY. STUDENTS USE THESE TEXTS AT EVERY TURN TO LEARN, AND EVENTUALLY MASTER, ESSENTIAL READING, WRITING, SPEAKING, LISTENING, GRAMMAR, AND VOCABULARY SKILLS. INSTEAD OF BASALS, STUDENTS READ BOOKS THEY LOVE IN ORDER TO BUILD KNOWLEDGE OF IMPORTANT TOPICS AND MASTER LITERACY SKILLS. ALL STUDENTS READ AND DISCUSS GRADE-LEVEL TEXTS, WITH SUGGESTIONS FOR SUPPORT INCLUDED AT KEY MOMENTS THROUGHOUT EACH LESSON. GREAT MINDS HAS ALSO DEVELOPED GEODES, A SERIES OF READABLE TEXTS FOR GRADES K-2 7891617 2300 2578184 PHD SCIENCE IS A PHENOMENON-DRIVEN CURRICULUM. THROUGH AUTHENTIC ANCHOR PHENOMENON, EACH MODULE EXPLORES CORE SCIENCE CONCEPTS TO HELP STUDENTS MAKE SENSE OF THE WORLD AROUND THEM. EVERY LESSON BUILDS ON THE LESSONS BEFORE IT, WEAVING A COHERENT STORYLINE FOR THE MODULE AS STUDENTS DIG DEEP INTO EACH CONCEPT THEY'RE EXPLORING. THROUGH OBSERVATION, QUESTIONING, MODELING, INVESTIGATION, AND EVIDENCE-BASED ARGUMENTATION, STUDENTS BUILD KNOWLEDGE THAT THEY CAN DEMONSTRATE BY APPLYING THEIR UNDERSTANDING IN DIFFERENT CONTEXTS THROUGH SCIENCE OR ENGINEERING CHALLENGES IN EACH MODULE. PHD SCIENCE HELPS MOVE STUDENTS FROM READING ABOUT SCIENCE TO DOING SCIENCE. IN 2019, PHD SCIENCE WAS AVAILABLE FOR GRADES 3-5. DEVELOPMENT FOR GRADES K-2 AND 6-8 WAS ONGOING DURING THE YEAR. 74949165 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 208 0 1 789 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA HI LA TX OR X SUZANNE LISIEWSKI 2022231854 55 M STREET SE NO 340 WASHINGTON DC 20003 CHI KIM CHAIRMAN/TRUSTEE 2.00 X X 0 0 0 PENNY GENNUSO TREASURER/TRUSTEE 10.00 X X 0 0 0 MARIA NEIRA SECRETARY/TRUSTEE 2.00 X X 0 0 0 ANDREW CHEN TRUSTEE 2.00 X 8000 0 0 TERESA CHANCE TRUSTEE 2.00 X 0 0 0 STEVE FAN TRUSTEE 2.00 X 0 0 0 PASCAL FORGIONE JR TRUSTEE THRU 05/2019 2.00 X 0 0 0 JASON GRIFFITHS TRUSTEE 2.00 X 0 0 0 WILLIAM KELLY TRUSTEE THRU 05/2019 2.00 X 0 0 0 NEIL MCANNELLY TRUSTEE 2.00 X 90000 0 0 LYNNE MUNSON TRUSTEE/EXECUTIVE DIRECTOR 40.00 X X 704847 0 42804 ANDREA PERSILY CHIEF FINANCIAL OFFICER GREAT MINDS LLC 40.00 X 422659 0 14000 SEAN MULCAHY GENERAL COUNSEL GREAT MINDS LLC 40.00 X 83879 0 3438 KEVIN SHANE CHIEF HUMAN RESOURCES OFFICER 40.00 X 325121 0 24198 JULIE HUSTON CHIEF SALES OFFICER 40.00 X 374864 0 39668 RACHEL STACK CHIEF ACADEMIC OFFICER - HUMANITIES 40.00 X 362705 0 38546 JILL DINIZ CHIEF ACADEMIC OFFICER - MATH 40.00 X 365121 0 39422 DAVID BLAIR CHIEF BUSINESS OPERATIONS OFFICER 40.00 X 358355 0 35895 PAMELA GOODNER CHIEF ACADEMIC OFFICER - SCIENCE 40.00 X 251762 0 21178 RICHESH RUCHIR CHIEF TECHNOLOGY OFFICER 40.00 X 302098 0 38846 JAIME COURTRIGHT REGIONAL SOLUTIONS MANAGER 40.00 X 213723 0 37198 CHAD COLBY SENIOR DIRECTOR OF COMMUNICATIONS 40.00 X 213238 0 9503 REBECCA LIKO DIRECTOR OF FINANCE AND CONTRACTS 40.00 X 198272 0 7361 MARY SWANSON SENIOR CURRICULUM DEVELOPER 40.00 X 179167 0 8958 TIFFANY ALEWEL SOUTH REGIONAL SALES DIRECTOR 40.00 X 169344 0 17166 ANDREW GOLDMAN FORMER CHIEF STRATEGY OFFICER 40.00 X 190000 0 0 4813155 0 378181 107 1 1 0 GLOBANT 875 HOWARD ST 3RD FLOOR OF 320 SAN FRANCISCO CA 94103 IT CONSULTING 2463039 EDIFY SOFTWARE CONSULTING LTD CENTRO CORP AEROCENTRO SEG PISO ALAJUELA COSTA RICA CS 20109 IT CONSULTING 669854 MPS LIMITED RR TOWER-4 SUPER-A 1617 4TH FLO GUINDYCHENNA INDIA IN CURRICULUM DIGITAL 613737 THINK SYSTEMS INC PO BOX 338 KINGSVILLE MD 21087 CONSULTING SERVICES 582048 PARTNERD GROUP LLC PO BOX 651074 STERLING VA 201651074 IT CONSULTING 432051 24 DIRECT SALES OF BOOKS 900099 99135647 99135647 PROFESSIONAL DEVELOPME 900099 12962755 12962755 DIGITAL INCOME 900099 4891582 4891582 ROYALTY INCOME 900099 1814807 1814807 118804791 219152 219152 OTHER REVENUE 900099 11102 11102 11102 119035045 118804791 0 230254 156800 156800 3607158 1750591 1856567 36584920 19470426 17114494 1280706 719347 561359 5339403 2079984 3259419 2502906 1500409 1002497 868263 868263 76212 76212 4505263 2183797 2321466 1242541 183364 1059177 3178169 571910 2606259 2097772 25458 2072314 444358 444358 2485518 1235218 1250300 1302230 807694 494536 401024 401024 58498 58498 FULFILLMENT 44257866 44257866 BAD DEBT 1174428 1174428 TRANSACTION & BANK FEES 100965 6301 94664 111665000 74949165 36715835 0 39790675 40381997 101140 102079 10671897 17499355 7200209 21019650 525730 2200449 2136506 846037 771166 1290469 301009 255445 42139 4623567 59403965 87373011 9284047 27107034 5696668 8232562 87512 327632 15068227 35667228 X 44335738 51705783 44335738 51705783 59403965 87373011 7370045 0 X 0 1 X 1 0 X 1450528 100000 1550528 18179866 44069976 66996316 84112039 118815892 332174089 19630394 44169976 66996316 84112039 118815892 333724617 0 0 0 333724617 8403 3357 11840 156379 219152 399131 8403 3357 11840 156379 219152 399131 19638797 44173333 67008156 84268418 119035044 334123748 0.99880 0.99920 0.00120 0.00080 X 901652 490593 411059 1234854 355444 879410 1290469 DEPOSITS 207262 PREPUBLICATION COSTS, NET 4416305 4623567 DEFERRED LEASE 327632 327632 X 119035045 0 119035045 0 119035045 111665000 0 111665000 0 111665000 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS SUBJECT TO TAXATION ON NET UNRELATED BUSINESS INCOME. DURING THE TAX YEARS ENDED DECEMBER 31, 2019 AND 2018, THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. THE LLC IS A SINGLE-MEMBER LLC, AND AS SUCH, IS A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES PURSUANT TO SECTION 7701 OF THE CODE. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 0 LARGE UNIT DISTRICT ASSOCIATION 15 W MAIN ST BARRINGTON IL 60010 522403462 501(C)(4) 10000 SPONSORSHIPS STANDARDWORK INC 29 CARTER ST QUINCY MA 02169 521785250 501(C)(3) 15000 SPONSORSHIPS INTERNATIONAL DYSLEXIA ASSOCIATION 40 YORK ROAD 4TH FL BALTIMORE MD 21204 520953609 501(C)(3) 26800 SPONSORSHIPS COLLABORATIVE FOR ACADEMIC SOCIAL AND EMOTIONAL LEARNING 815 W VAN BUREN ST STE 210 CHICAGO IL 60607 205884201 501(C)(3) 100000 SPONSORSHIPS 3 1 X 1 1 X X X X X 1 0 0 0 0 0 0 1 0 LYNNE MUNSON TRUSTEE/EXECUTIVE DIRECTOR 493592 0 187875 0 23380 0 14000 0 29448 0 748295 0 0 0 ANDREA PERSILY CHIEF FINANCIAL OFFICER GREAT MINDS 326978 0 95681 0 0 0 14000 0 904 0 437563 0 0 0 KEVIN SHANE CHIEF HUMAN RESOURCES OFFICER 247121 0 78000 0 0 0 8515 0 16315 0 349951 0 0 0 JULIE HUSTON CHIEF SALES OFFICER 279864 0 95000 0 0 0 12722 0 29390 0 416976 0 0 0 RACHEL STACK CHIEF ACADEMIC OFFICER - HUMANITIES 266705 0 96000 0 0 0 14000 0 27238 0 403943 0 0 0 JILL DINIZ CHIEF ACADEMIC OFFICER - MATH 267721 0 97400 0 0 0 14000 0 26055 0 405176 0 0 0 DAVID BLAIR CHIEF BUSINESS OPERATIONS OFFICER 267355 0 91000 0 0 0 10697 0 26352 0 395404 0 0 0 PAMELA GOODNER CHIEF ACADEMIC OFFICER - SCIENCE 206762 0 45000 0 0 0 12671 0 9830 0 274263 0 0 0 RICHESH RUCHIR CHIEF TECHNOLOGY OFFICER 268098 0 34000 0 0 0 14000 0 25489 0 341587 0 0 0 JAIME COURTRIGHT REGIONAL SOLUTIONS MANAGER 200748 0 12975 0 0 0 11044 0 26604 0 251371 0 0 0 CHAD COLBY SENIOR DIRECTOR OF COMMUNICATIONS 177238 0 36000 0 0 0 0 0 10146 0 223384 0 0 0 REBECCA LIKO DIRECTOR OF FINANCE AND CONTRACTS 92310 0 47500 0 58462 0 3562 0 5073 0 206907 0 0 0 MARY SWANSON SENIOR CURRICULUM DEVELOPER 148390 0 30777 0 0 0 8958 0 0 0 188125 0 0 0 TIFFANY ALEWEL SOUTH REGIONAL SALES DIRECTOR 169344 0 0 0 0 0 0 0 17166 0 186510 0 0 0 ANDREW GOLDMAN FORMER CHIEF STRATEGY OFFICER 0 0 0 0 190000 0 0 0 0 0 190000 0 0 0 PART I, LINE 1A THE PRESIDENT AND EXECUTIVE DIRECTOR BENEFITED FROM A TAX GROSS-UP PAYMENT RELATED TO THE PROVISION OF LIFE INSURANCE BENEFITS. PART I, LINE 4A FOLLOWING EMPLOYEES RECEIVED A SEVERANCE PAYMENTS DURING THE CALENDAR YEAR 2019: REBECCA LIKO $58,462 ANDREW GOLDMAN $190,000 PART I, LINE 7 THE SHORT-TERM BONUS MOST EMPLOYEES ARE UNDER IS DISCRETIONARY AND PERFORMANCE BASED. THE EXECUTIVE LEVEL, WHICH IS OUR SENIOR MANAGEMENT, HAS 50% TIED TO COMPANY PERFORMANCE MEASURES OF REVENUE AND NET CONTRIBUTION, AND 50% TIED TO DISCRETIONARY MISSION OBJECTIVES. THE PRESIDENT AND EXECUTIVE DIRECTOR'S BONUS IS RECOMMENDED BY THE COMPENSATION COMMITTEE OF THE BOARD AND APPROVED BY THE BOARD. RUSSEL EDWARD SIX PHD FAMILY MEMBER OF LYNNE MUNSON, PRESIDENT AND EXECUTIVE DIRECTOR 108000 CONSULTING 0 JASON GRIFFITHS TRUSTEE AND SOLE PROPRIETOR OF SCHOOL DEVELOPMENT ASSOC. LLC 203303 CONSULTING 0 FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE REVIEW AND APPROVE A DRAFT OF THE 990. THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 VIA ELECTRONIC TRANSMITTAL PRIOR TO SUBMISSION OF THE FORM TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 4A. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. VIOLATION OF THE CONFLICTS OF INTEREST POLICY: 4B. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. 4C. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION AS WELL AS OTHER KEY MEMBERS OF MANAGEMENT INCLUDES THE USE OF COMPARABLE DATA, COMPENSATION COMMITTEE DELIBERATIONS AND RECOMMENDATIONS, BOARD APPROVAL AND DOCUMENTATION IN BOARD MINUTES. THE COMPENSATION COMMITTEE IS A SUBSET OF THE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR'S AS WELL AS SENIOR MANAGEMENTS' 2018 COMPENSATION WAS BASED ON AN ASSESSMENT BY AN INDEPENDENT CONSULTANT FROM PRICE WATERHOUSE COOPERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE LATEST VERSION OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. GREAT MINDS LLC 55 M STREET SE 340 WASHINGTON DC 20003 371841659 TO SUPPORT THE OPERATIONS OF GREAT MINDS DC 119035045 87373011 GREAT MINDS